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Crypto assets added to anti-money laundering law

Crypto assets added to anti-money laundering law

Before the NA passed the legislation on August 24, SBV Governor Phạm Đức Ấn presented a report explaining and incorporating lawmakers’ comments on the draft laws. — VNA/VNS Photo

HÀ NỘI — The National Assembly (NA) on August 24 passed amendments to three laws governing the banking and financial sectors, adding provisions on suspicious indicators related to crypto assets to provide a legal basis for identifying, assessing and controlling money-laundering risks in the sector.

During the NA’s first extraordinary session, 94.6 per cent of lawmakers voted in favour of amendments to the Law on the State Bank of Vietnam, the Law on Anti-Money Laundering and the Law on Credit Institutions.

Under the amendments to the Law on…

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